Freddie and Fannie Changes from Agencies, Investors, and Lenders

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Posted To: Pipeline Press

It’s good to keep things in perspective, and here’s some Tuesday trivia. Today, 2 billion adults around the world remain without a bank account, including my ne’er-do-well cousin. But 62% of the world’s adult population has an account; up from 51% in 2011. Three years ago, 2.5 billion adults were unbanked . Obviously, the need to have a high credit score is not paramount in their minds, but it certainly invites questions about access to money, how transactions occur, the motivation to have a bank account, the cost of not banking, etc. Fannie and Freddie, or Conventional Conforming Sure the 2018 maximum loan amounts have gone up. But there’s plenty of other things going on with the Agencies! Fannie Mae has issued Lender Letter LL-2017-10 to confirm the general and high-cost…(read more)

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